Income Statement
Quarterly Data
The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
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Uber Technologies Inc., consolidated income statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
A consistent upward trajectory in revenue is observed from March 2021 through December 2025, with quarterly figures rising from 2,903 million to a peak of 14,366 million. While a slight contraction occurred in the first quarter of 2026, the overall growth trend indicates a substantial expansion of the top line over the analyzed period.
- Revenue and Gross Profitability
- Gross profit grew from 1,193 million in March 2021 to 5,945 million by March 2026. This expansion reflects an improvement in gross margins, as the cost of revenue increased at a slower pace than total revenue. The scale of operations has allowed for more efficient cost management relative to the volume of business generated.
- Operating Performance and Efficiency
- A significant transition from operating losses to sustained profitability is evident. Income from operations was negative throughout 2021 and 2022, reaching a low of -1,524 million in March 2021. However, a pivot occurred in June 2023, marking the start of a period of consistent positive operating income, which culminated in 1,923 million by March 2026. This shift indicates strong operating leverage, where revenue growth significantly outpaced the growth of fixed and variable operating expenses.
- Operating Expense Trends
- Operating expenditures showed varied patterns across different categories. Operations and support costs increased gradually but remained relatively stable as a percentage of revenue. Sales and marketing expenses exhibited volatility but did not scale linearly with revenue, suggesting increased marketing efficiency. Research and development spending showed a steady, incremental increase, reflecting ongoing investment in product evolution. General and administrative expenses were the most volatile, with periodic spikes, such as the 1,209 million recorded in March 2024 and 1,183 million in September 2025.
- Net Income and Non-Operating Factors
- Net income attributable to the company displayed extreme volatility compared to operating income. This discrepancy is primarily driven by substantial swings in other income and expense, net, and large fluctuations in tax provisions. Notably, December 2024 and September 2025 saw significant spikes in net income, reaching 6,883 million and 6,626 million respectively, which appear to be influenced by non-recurring items or tax benefits rather than core operational performance.
- Financial Obligations
- Interest expenses remained relatively stable, fluctuating between 105 million and 168 million per quarter throughout the period. The introduction of interest income in March 2026 suggests a shift in the company's cash management strategy or an increase in interest-bearing assets.